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MONTCLAIR, NJ—Robert E. Bigelow III, Vice President and Head of Fund Development at 180 Degree Capital Corp. (NASDAQ:TURN), recently purchased 2,000 shares of the company’s common stock. The shares were acquired at an average price of $4.01 per share, amounting to a total transaction value of $8,020. Following this transaction, Bigelow now holds 131,005 shares directly in the $39.7 million market cap company. InvestingPro data shows the stock has gained 8.17% year-to-date, despite the company not being profitable over the last twelve months.
This move reflects Bigelow’s continued investment in the company, as documented in a recent SEC Form 4 filing. The transaction took place on June 3, 2025, and was reported by the company on June 4, 2025. With an overall Financial Health Score of "FAIR" according to InvestingPro, investors can access detailed insider trading patterns and 12+ additional ProTips to make more informed investment decisions.
In other recent news, 180 Degree Capital Corp. has announced a proposed all-stock merger with Mount Logan Capital Inc. This merger would result in the creation of a new entity named Mount Logan Capital Inc., which will be listed on Nasdaq. The terms of the deal specify that 180 Degree Capital shareholders will receive shares of the new company based on 180 Degree Capital’s net asset value at the time of closing. The valuation of Mount Logan is approximately $67.4 million at the time of signing, with potential adjustments before the deal is finalized. The merger is contingent upon shareholder approval and regulatory clearances.
Kevin M. Rendino, CEO of 180 Degree Capital, has expressed confidence in the merger’s potential to create shareholder value. Daniel B. Wolfe, President of the firm, noted the positive performance of their investment portfolio, which has outperformed the Russell Microcap Index. A blackout period for management trading of 180 Degree Capital shares is in effect, with expectations for a trading window to open following the filing of updated financial statements. Shareholders are encouraged to review forthcoming proxy materials for detailed transaction information.
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